• Economists have upgraded Singapore’s 2024 growth forecast, according to a survey by the country’s central bank published on Wednesday, with better-than-expected external growth seen as the top upside driver for the economy.
  • The median forecast of 23 economists surveyed by the Monetary Authority of Singapore is for the economy to grow 2.4% this year, up from a forecast of 2.3% in December’s survey.
  • The trade ministry expects gross domestic product (GDP) for 2024 to be at 1.0% to 3.0%.